FIREPLACE, KITCHEN, BATHROOM REMODELING COMPANY OF CANTON MICHIGAN

COST vs VALUE

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This information is based off data from an article in a recent remodeling magazine for the 2013 calender year. This information can be verified by going to their web site at costvsvalue.com. The information that we were interested in was kitchen remodeling, bathroom remodeling, and home office remodeling. No Fireplace remodeling information is available in this report.

MIDRANGE

JOB COST

RESALE VALUE

COST RECOUPED

OUR JOB COST RANGE*

$16,568.00

$10,656.00

64.3%

$3,000.00 to $9,000.00

$28,979.00

$13,224.00

45.6%

$3,000.00 to $12,000.00

$58,253.00

$38,726.00

66.5%

$17,000 to $25,000

$21,759.00

$15,038.00

69.1%

$5,000.00 to $14,000.00

UPSCALE

JOB COST

RESALE VALUE

COST RECOUPED

OUR JOB COST RANGE*

$53,345.00

$32,875.00

61.6%

$20,000.00 to $30,000.00

$113,056.00

$70,703.00

62.5%

$27,000.00 to $59,000.00

* Our cost range varies by the selection of materials used.

The Reason our costs are lower is easy as 1,2,3

1.) We deal direct with wholesale suppliers.

2.) Our overhead is low. You will not see us on television or listen to us on the radio.

3.) We are remodeling carpenters by trade not salesmen or office people.

RESIDENTIAL BUILDERS LICENSE VERIFICATION

Licenses & Requirements

 

 

 

 

 

A Residential Builder may build a new home from the ground up or may do any kind of repairs regulated under Article 24 of the Occupational Code.  A builder may contract for the whole job, but will have to subcontract for plumbing, electrical, & mechanical (heating, ventilation, air conditioning) work to licensed plumbing, electrical and mechanical contractors.

 

 

A Maintenance & Alteration (M&A) Contractor is licensed to perform only specific trades, services & may accept contracts only in the trade(s) or craft(s) for which he or she is licensed.  Contractor's wall license & pocket card identifies trades for which the M&A Contractor is licensed.  A pocket card contains a letter code that represents the trade or trades in which that contractor is licensed.  M&A trades and their equivalent letter codes are:  Carpentry (A); Concrete (B); Excavation (D); Insulation Work (G); Masonry (I); Painting & Decorating (J); Siding (K); Roofing (M); Screen & Storm Sash (N); Gutters (O); Tile & Marble (P); House Wrecking (R); Swimming Pools (S); and Basement Waterproofing (T).

 

Beginning June 1, 2008, an applicant for a Residential Builder or Maintenance & Alteration Contractor license must complete approved education prior to taking the examination or submitting a license application to the Department. 

 

All prelicensure education courses must be approved by the Department.  60 hours of approved prelicensure courses must include at least six (6) hours in each subject below: 

         1)  Business Management, Estimating, & Job Costing 
         2)  Design & Building Science 
         3)  Contracts, Liability, & Risk Management   
         4)  Marketing & Sales 
         5)  Project Management & Scheduling 
         6)   Michigan Residential Code   
         7)  MIOSHA Construction Safety Standards 
         8)  The rest may come from other topics 
              on approved course list.

 

After an applicant has completed education requirements, he or she may obtain an Individual Residential Builder & Maintenance & Alteration Contractor License Application.  

Once the Builders Unit receives an application, it will be reviewed to ensure that the applicant meets all licensing requirements.  Requirements for licensure include:  1) Approved prelicensure education courses; 2) be at least 18 years of age; 3) be financially stable; 4) be of good moral character; 5) submit any required documentation requested by Department; and 6) pass required examination. 

 

An applicant must meet all requirements for licensure before receiving approval by the Department to take the examination that is required to obtain a Residential Builder or Maintenance & Alteration Contractor license.  

 

After applicant passes both portions of the examination, a license will be issued as an Individual Residential Builder or Individual Maintenance & Alteration Contractor.  

 

SALESPERSON

 

Individuals selling the work of a Residential Builder, or Maintenance & Alteration Contractor, must be licensed as a Salesperson to that builder or contractor. 

 

 

 

Applicants for the Residential Builder or Maintenance & Alteration Contractor Salesperson license must be at least 18 years of age; be of good moral character; must be employed by a licensed Residential Builder or Maintenance & Alteration Contractor, & successfully pass an examination.

 

 

BRANCH OFFICE

 

A Branch Office is a separate office location for a licensed Residential Builder or Maintenance & Alteration Contractor.  If a builder or contractor is operating out of more than one location, second location must be licensed as a Branch Office. 

 

 

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PARKO HOME RENOVATIONS, 
Phone: (734) 812-3884
 
 
43812 Leeann Lane
Canton, Michigan 48187
Written "By Ron Parko"
Author